Barrick Mining (B) Expected to Announce Earnings on Thursday

Barrick Mining (NYSE:B) (TSE:ABX) is projected to issue its results before the market opens on Thursday, February 5th. Analysts expect the company to announce earnings of $0.89 per share and revenue of $5.1527 billion for the quarter.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its earnings results on Monday, November 10th. The gold and copper producer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.20 billion. Barrick Mining had a return on equity of 9.48% and a net margin of 24.53%.Barrick Mining’s revenue was up 23.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 EPS. On average, analysts expect Barrick Mining to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Barrick Mining Trading Up 1.5%

B opened at $52.98 on Thursday. Barrick Mining has a 12 month low of $15.70 and a 12 month high of $53.28. The stock has a fifty day moving average price of $44.86 and a 200-day moving average price of $34.56. The firm has a market cap of $88.76 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 0.47 and a beta of 0.41. The company has a current ratio of 2.94, a quick ratio of 2.33 and a debt-to-equity ratio of 0.14.

Barrick Mining Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, November 28th. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.15. Barrick Mining’s dividend payout ratio (DPR) is currently 33.82%.

Institutional Trading of Barrick Mining

Several hedge funds and other institutional investors have recently modified their holdings of the company. CIBC Private Wealth Group LLC raised its holdings in shares of Barrick Mining by 58.0% in the third quarter. CIBC Private Wealth Group LLC now owns 3,973 shares of the gold and copper producer’s stock valued at $130,000 after purchasing an additional 1,458 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Barrick Mining during the third quarter worth approximately $299,000. Captrust Financial Advisors increased its position in Barrick Mining by 12.0% during the 3rd quarter. Captrust Financial Advisors now owns 200,642 shares of the gold and copper producer’s stock worth $6,575,000 after buying an additional 21,449 shares during the period. Coldstream Capital Management Inc. acquired a new stake in shares of Barrick Mining during the third quarter worth $240,000. Finally, Advisory Services Network LLC boosted its position in shares of Barrick Mining by 66.0% in the third quarter. Advisory Services Network LLC now owns 23,164 shares of the gold and copper producer’s stock valued at $759,000 after acquiring an additional 9,209 shares during the period. Institutional investors and hedge funds own 90.82% of the company’s stock.

Wall Street Analysts Forecast Growth

B has been the topic of several recent research reports. Canaccord Genuity Group upped their price objective on shares of Barrick Mining from $39.00 to $57.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Bank of America upgraded Barrick Mining from a “neutral” rating to a “buy” rating and upped their target price for the stock from $38.00 to $48.00 in a research note on Monday, November 24th. Scotiabank boosted their price target on Barrick Mining from $43.00 to $63.00 and gave the company an “outperform” rating in a report on Monday. CIBC lifted their target price on shares of Barrick Mining from $38.00 to $50.00 and gave the company an “outperformer” rating in a report on Friday, October 10th. Finally, BNP Paribas Exane raised shares of Barrick Mining to a “neutral” rating and set a $50.00 price target on the stock in a report on Friday, December 5th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $48.73.

About Barrick Mining

Barrick Gold Corporation, commonly known as Barrick, is a Toronto‑headquartered mining company focused on the exploration, development, production and sale of gold and copper. Listed on major exchanges (including the New York Stock Exchange under the symbol B), Barrick operates as an integrated minerals producer, running large‑scale mining complexes, processing facilities and related support services for extraction and metallurgical treatment of ore.

The company’s activities span the full mining value chain: greenfield exploration, feasibility and permitting, mine construction, ongoing operations, and closure and reclamation.